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A comment on The Open Guide to Equity Compensation. Parent comment

Re:The Open Guide to Equity Compensation by grandempire on Sunday April 13, 2025 @06:56PM (#43676463)
I often had startups offer me a number of shares with no explanation for the percentage ownership or the number of total shares.

I said I have to value them at zero without more information and they would act all offended when I asked for more (happened at least 3 times).

This suggests to me that founders either don’t understand the mechanics themselves or are preying on lack of financial understanding.

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Re:The Open Guide to Equity Compensation by dymk on Sunday April 13, 2025 @06:58PM (#43676473)
It’s the latter.
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Re:The Open Guide to Equity Compensation by grandempire on Sunday April 13, 2025 @07:04PM (#43676498)
Ignorance is a big problem too. One time I had someone offended when I asked if their insurance plan qualified as a high deductible - they didn’t know it was a legal classification and thought I was accusing it of being expensive.

I’m not anti-startup but the VC backed startup culture of the last 10 years or so has been pretty souring.

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Re:The Open Guide to Equity Compensation by avn2109 on Monday April 14, 2025 @06:20AM (#43679782)
It's kinda both sometimes haha
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